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DELE ALAKE
The Federal Ministry of Solid Minerals Development has cautioned the Osun State Government against jeopardizing the Federal Government’s efforts to attract Foreign Direct Investments by closing down a mining site.
The Federal Government has signed a Memorandum of Understanding (MoU) with two Chinese companies, China Civil Engineering Construction Corporation (CCECC) and Sinomach-He, for a $1 billion (N1.6 trillion) iron ore-to-steel project in Kogi State.
The federal government has placed a ban on mining activities in the Unguwar Magro Village, Niger State where 12 miners were murdered by bandits recently pending the completion of investigation.
President Bola Ahmed Tinubu has directed the Federal Ministry of Solid Minerals Development to issue mining licenses only if they are tied to local value addition, aiming to engage young Nigerians in economic activities, skill acquisition, and overall economic development.
The Miners Association of Nigeria (MAN) has stated that the federal government’s hike in mining rates and royalties for solid minerals will push local miners out of business.
The Federal Government has raised the rates and charges for all activities in the mining sector.
The Minister of Solid Minerals Development, Dele Alake, announced that Nigerian gold bars transaction has boosted the country’s foreign reserve assets by over $5 million.
The federal government has confirmed the death of three miners in Niger state in a new mine collapse. This is the second mine collapse in the month of June after similar incident earlier in the month.
Dr. Dele Alake, the Minister of Solid Minerals Development, announced that the Federal Government will use satellite technology...
The Federal Government has announced plans to establish six mineral centres in the six geo-political zones of the country to boost the mining sector.
Minister of Solid Mineral Development, Mr. Dele Alake, has said that the Federal Government requires around N70 billion to fund solid minerals exploration activities across the country.
A Swiss multinational, Glencore Plc has indicated interest to invest in Nigeria’s solid mineral sector with specific focus on nickel, cobalt and zinc.